The Housing Chronicles Blog: Mortgage applications fall 2.6 percent as rates continue to rise

Thursday, February 1, 2018

Mortgage applications fall 2.6 percent as rates continue to rise

The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with both purchase loans and refinances falling 3.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since March 2017, 4.41 percent.

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